Title: Flight Data Monitoring and Analysis Market Growth, Trends, and Forecast to 2022
1Flight Data Monitoring and Analysis Market
Growth, Trends, and Forecast to 2022
According to the new market research report
"Flight Data Monitoring Market by Solution Type
(On Board, On Ground), Component (FDM Service,
FDM System, FDM Software), End User (Fleet
Operators, Drone Operators, FDM Service
Providers, Investigation Agencies), Region -
Global Forecast to 2022", The flight data
monitoring market is projected to grow from USD
3.71 Billion in 2017 to USD 5.34 Billion by 2022,
at a CAGR of 7.55 from 2017 to 2022. Download
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2- The growth of the aerospace industry has
increased safety concerns due to number air
accidents that have taken place in the past few
years. This increase in the number of commercial
flights implies that techniques and procedures
used in-flight data monitoring match the referred
growth, being necessary to update and improve
this type of procedures to reduce the possibility
of an incident. - The flight data monitoring market ecosystem
comprises flight data software, system, and
service providers, such as Curtiss Wright (US),
Teledyne Controls LLC (US), Safran Electronics
Defense (US), Guardian Mobility (US), Flight Data
Services Ltd. (US), and Scaled Analytics Inc.
(US). - Target Audience for this Report
- Private Aircraft Operators
- UAV Operators
- Aviation Industry
- Technology Support Providers
- Aircraft Data Analysis Service Providers
- Scientific Research Centers across Regions
- Based on solution type, the on ground segment is
projected to lead the flight data monitoring
market during the forecast period. - Based on solution type, the on ground segment is
expected to lead the flight data monitoring
market during the forecast period. An aircraft
operator uses a range of on ground (off the
flight) Flight Data Services flight data
analysis incorporating Flight Data Monitoring
(FDM) and Flight Operations Quality Assurance
(FOQA). These services provide a full analysis of
day to day flight operations to aircraft
operators. By selecting ground (off the flight)
Flight Data Services to monitor the aircraft,
maintenance and safety events can be identified
and addressed without delay, minimizing risk and
Aircraft on Ground (AOG) time while ensuring
adherence to aviation regulatory norms. - Based on component, the FDM service segment of
the flight data monitoring market is projected
to witness the highest growth during the forecast
period.
3North American is expected to lead the flight
data monitoring market during the forecast
period. North America is expected to lead the
flight data monitoring market during the forecast
period. The increase in the disposable income of
the population has contributed to the demand for
air travel, which, in turn, has led to the
increase in air passenger traffic. The rise in
air passenger traffic has led to an increase in
aircraft deliveries in North America, which has
further propelled the demand for flight data
monitoring in this region. Major companies
profiled in the flight data monitoring market
report are Curtiss Wright (US), Safran (France),
Teledyne Controls (US), and FYHT (Canada). Speak
to Analyst _at_ https//www.marketsandmarkets.com/spe
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